Which is a valid reason for buying insurance cover for items

Assignment Help Financial Accounting
Reference no: EM132985566

Problem 1: Which of the following is a valid reason for buying insurance cover for items that are included in international trade transactios.

A. For the commercial marine insurance agencies insurance brokers or freight towarders to insure against transport risk.
B. To ensure goods are adequately insured with claims payable.
c. All of the above.
D. To engage a freight forwarder or obtain independent advice from an insurance broker specializing in international transport.

Reference no: EM132985566

Questions Cloud

Evaluate the liability section of the balance sheet : What financial metrics would they use to evaluate the liability section of the balance sheet? Explain the information that the metrics would provide.
How bank with an immediate performance -driven culture : How a Bank with an immediate performance -driven culture have coped during this period. Would a Bank with an Unfocused culture have survived?
Which should lower the money supply if : If the RBA wants to permanently increases interest rates, then it should lower the money supply if? the liquidity effect is smaller than the expected inflation
Estimate company beta and standard deviation : Estimate company Beta and standard deviation - Estimate YTM on bond using either scientific calculator or factor table which provides incorrect answers
Which is a valid reason for buying insurance cover for items : Which is a valid reason for buying insurance cover for items that are included in international trade transactios? For the commercial marine insurance agencies
What is the farmer net earnings in the year : As a result, he is able to increase productivity and earns $10,000 the following year. What is the farmer's net earnings in the year?
Describe several pieces of information included in the audit : Describe several pieces of information included in this audit report that are not provided in the audit report for U.S. public companies.
Find the independent auditor report : Were any problems identified with the U.S. Government's internal control over financial reporting? If so, then list the deficiencies discussed in the report.
What standards did the auditor follow when performing audit : Who signed the audit report? How does this differ from audit reports in the U.S.? What standards did the auditor follow when performing this audit?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How would the new power plant impact the audit

What are some auditing risks that are associated with a company building a new power plant? How would the new power plant impact the audit?

  Deal calls for six annual payments

The IPL just signed Sachin to a contract consisting of eight, end-of-year payments worth $9 million each, with the first payment precisely one year from today.

  Determine the total compensation expenses of share-based

Elaborate alternative approaches to determine the total compensation expenses of share-based compensation plans, Explain the potential issues with the use

  What is the accounts receivable turnover rate

What is the accounts receivable turnover rate? If you know that the days of sales in inventory for PEPSI is 40 days and the days of sales outstanding is 24 days

  Calculate accrual accounting rate of return

Calculate accrual accounting rate of return based on average investment. Elvin Research plans to purchase a new centrifuge machine for its Washington facility

  How much do need to contribute each year to fund

You will contribute the same amount to the plan at the end of every year that you work. How much do you need to contribute each year to fund your? retirement?

  Service revenue and cash flow from operating activities

On May 1 of Year 1 Matthew Company collected $2,400 cash for services to be provided for one year beginning immediately. The company's fiscal closing date is December 31. Based on this information, the amount of service revenue and the cash flow from..

  Describe at least two examples of an asset

Does the company's balance sheet balance according to the fundamental accounting equation? Support your answer by using the dollar amounts

  Question 11 the full disclosure principlea requires that

question 11. the full disclosure principlea. requires that when a change in inventory cost flow assumption is made the

  What is an agency relationship

What is an agency relationship? When you first begin operations, assuming you are the only employee and only your money is invested in the business

  Explain to the CEO what forfaiting is

Explain to the CEO what forfaiting is, why it is possible that forfaiting of the transaction can occur and the implication that it will have on swap transaction

  How journalize entries to record selected transactions

Thomson Co. produces and distributes semiconductors for use. Journalize the entries to record the selected transactions for the current year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd